Marketing — Business Studies STD 12 Commerce — Question

State any three qualities of a good leader.

Explain the importance of 'Financial Planning'.

Sanket purchased one litre of pure Deshi Ghee from a shopkeeper. After using it he had a doubt that it is adulterated. He sent it for a laboratory test which confirmed that the Ghee is adulterated. State any six reliefs available to Sanket, if he complaints and the consumer court is satisfied about the genuineness of the complaint.

What are the main basis of setting standards?

Zenith Ltd. is a highly reputed company and many people wanted to join this company. The employees of this organisation are very happy and they discuss how they came in contact with this organisation.
Aman said that he was introduced by the present Sales Manager, Mr. John.
Benu said that he had applied through the newspaper and was appointed as the H.R. Manager.
Vaibhav said that he was neither related to any employee of the organisation nor was there any advertisement in the newspaper, even then, he was directly called from IIM Ahmedabad from where he was about to complete his MBA.

1. The above discussion is indicating an important function of management. Name the function of management.
2. The management function identified in part (1) follows a particular process. Explain the step of this process which is being discussed in the above paragraph.

What is the purpose of packaging a product?

'Environment provides with constraints and opportunities'. Discuss with the help of an example.

A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar. What decisions/steps should each level of management take to give effect to this decision?

"Authority can be delegated but accountability cannot be." Explain.

Describe the meaning of "replacement of rule of thumb with science."